Equivalent Interest Rates

Equivalent interest rates are those that, when applied to the same capital, in the same period, produce equal values.
Example:
What is the equivalent interest rate, annual, referring to the capital invested, for a year at a rate of 0.6% per month? The answer is 7.44 %.
Full text here.
To calculate equivalent rates, enter data as requested. Use the point as decimal separator. Ex. For the number 49,329.66 enter 49329.66; The results are
automatically displayed after you click on "Calculate".